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Gensler 'Denigrated The Whole Crypto Space' After Approving Bitcoin ETF: ARK's Cathie Wood
But, along with the SEC's approval is Gensler's statement outrightly distancing himself from Bitcoin and the broader cryptocurrency industry, which did not fall right on the ears of high-profile individuals in the industry, particularly of ARK Invest's Wood.
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Bitcoin Leads Market-Wide Rally As SEC Approves 11 Bitcoin ETFs
Bitcoin saw a significant spike in its value Wednesday following the approval of Bitcoin ETF in the country, although it was nowhere near its all-time high price of $69,000 in November 2021.
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X Confirms SEC Account Was 'Compromised' Following False Bitcoin ETF Approval Tweet
The compromise was not due to any breach in the social media platform's systems "but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party."
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Bitcoin ETF Fee War Persists As BlackRock, ARK 21Shares Cut Fees Ahead Of SEC Decision
The fee war in the Bitcoin ETF is expected since the SEC is anticipated to approve multiple applications simultaneously and issuer will offer the best fee to get the market share.
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Bitcoin Loses $50M In Market Cap, Sees $90M In Liquidation After SEC's Fake BTC ETF Tweet
Bitcoin's market cap fell from $938.43 billion to $890.16 billion within hours after a fake tweet circulated online, coinciding with the SEC's disclosure of a compromised official X account.
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